471 DUNDAS STREET, London East (East K)

$999,900

For sale: Other

Other at 471 DUNDAS STREET, London East (East K)
Property type
Commercial Retail
MLS®
MLS® X14079978
Neighbourhood
East K

**Prime Commercial & Residential Investment Opportunity in Downtown London!**Welcome to **471 Dundas Street**, an excellent mixed-use investment property located in the heart of Downtown London! Featuring a main-floor restaurant. 2574 SqFt with 36 seats and two residential apartment units, this versatile property offers three income streams and outstanding investment opportunities.The street-level commercial space is currently used as a restaurant, offering prominent Dundas Street frontage, excellent visibility, and convenient access to surrounding businesses, shopping, entertainment, and public transportation. Its central location provides an attractive setting for restaurant operators and entrepreneurs looking to establish or expand their businesses.The property also features **two residential apartment units**, creating additional rental income potential and making it an appealing investment for those seeking diversified revenue sources.Situated along one of London's established downtown corridors, this property benefits from its convenient location near residential communities, local amenities, and major transportation routes.Whether you're an investor looking to expand your real estate portfolio or a business owner seeking a commercial space with residential income potential, this property offers excellent flexibility and long-term possibilities.**One property, three potential income streams, and a prime downtown location!** Don't miss this opportunity to invest in London's commercial and residential real estate market!

Sold data

Other homes in London East (East K) — recent sold market

Other homes in London East (East K) took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 62, across 31 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $575,000.

Homes sold for about 2.2% below asking on average, so there was room to negotiate.

About 19% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
21
Median sale price
$575,000
Sale-to-list ratio
97.8%
Sold above asking
19%

Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East K)

London East (East K) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East K)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 471 DUNDAS STREET